Bradenton inc. uses ABC to account for its chrome wheel manufacturing process. Company managers have identfied four manulacturing octivities that incur manufacturing oveltead costs: materials handing. machino set-tip, insertion of parts, and finishing. The budgeted activify costs for the upooming year and their alocation bases arn as follows: (i) (Click the icon to view the budgeted costs and activity bases.) Bradenten inc. expects to produce 1,000 chvome wheels during the year. The wheels are expected to use 2,700 parts, require 10 set ups, and consume 1,300 hours of frithing time Job 420 used 325 parts, required 2 sot-ups, and consumed 180 finishing hours. Job 510 used 475 parts, required 4 sel-ups, and consumed 330 finishing hours. Requirements Requirement 1. Compute the cost alocation rate for esch activiny Finst. identiv the formula, and then compute the rate for each activis. (i) (Click the icon to view the budgeted costs and activity bases.)